September 1, 2016
By Haridas K.
Bein Media has completed the acquisition of Digiturk, giving the Qatari company a significant presence in the Turkish market, and what its chairman described as the largest deal in the history of the company.
The pay-TV operator has 3.3 million subscribers but had stalled under the debts of its previous owner Çukurova Group.
Nasser Al-Khelaïfi, Chairman and Chief Executive Officer of Bein Media Group said, “Our expansion into Turkey is an essential next step for Bein Media Group. Digiturk positions us as a leader in the fast growing Turkish market and offers tremendous business opportunities in the years ahead. We look forward to further strengthening the Digiturk platform and advancing the exciting dynamics of digital publishing and Sports market in Turkey with our global experience.”